loans advice please

DCFC79

vinnyt wrote: »

Thanks for your advice i will probably just get a car from a garage and get it on hp i went in yesterday and got approved for a 20k loan i would have preferred to buy my friends car but never mind . I find it strange after everything you have all said about earnings to available credit ratio that the hp company have approved 20k loan , with no deposit .

Thats because its secured on the car, not sure what happens when you miss a payment if the car is taken off you.

vinnyt_2

DCFC79 wrote: »

Thats because its secured on the car, not sure what happens when you miss a payment if the car is taken off you.

Yes that makes sense

DCFC79

vinnyt wrote: »

Yes that makes sense

Not sure on the pitfalls of HP so you will have to read the contract etc.

somethingcorporate

Owning a £20k car on a £35k salary - glad you have got your priorities sorted.

DCFC79

poppasmurf_bewdley wrote: »

Earning £35k in cash, your company must use big pay envelopes!

A suitcase/hold could hold more.

jonesMUFCforever

As you didn't say how you were paid when I posted - my reply has now changed to It will be difficult for you to get the loan unless you pay the cash into the bank every week. They might even want a letter of confirmation of your salary from your employer.

Whether it is a one man band or multi national it is not difficult to organise wages to be paid into a bank account.

Bravehearted_2

What a genius. Doesn't know it's fraudulent to lie to get a loan and gets into 20k debt on "35k" cash in hand salary.

DCFC79

OP is tax and ni paid on that 35k? why the need for 20k car ?

vinnyt_2

somethingcorporate wrote: »

Owning a £20k car on a £35k salary - glad you have got your priorities sorted.

What you going on about priorities? Im single have no kids i own my own home outright whats wrong with a 20k car i have had a 55k porsche in the past. what aridiculous comment to make when you know nothing about me.

vinnyt_2

DCFC79 wrote: »

OP is tax and ni paid on that 35k? why the need for 20k car ?

Yes tax and and insurance is paid on my 35k, and whats wrong with a 20k car i have had a 55k porsche in the past 90% of cars on the road today are either leased or on finance , i dont haver a mortgage or kids so thats my pleasure i work 7 days a week go on holiday 4 times a yea.r